Dolphin Drilling AS announced the award of a contract for Borgland Dolphin by EnQuest PLC (EnQuest) in the UK. The contract includes a firm 137-day drilling programme and includes a contribution for the reactivation of the Borgland Dolphin, with EnQuest having a further option, to be confirmed within 90 days of contract signing, to extend for a significant additional work scope as part of a strategic alliance over a 5-year period. Within this 5-year period, Dolphin Drilling would have schedule flexibility.

As such, this contract enables Dolphin Drilling to strategically position the Borgland Dolphin in the North Sea, where extensive, multi-year production and development well drilling and well plug and abandonment campaigns are expected to be undertaken. Dolphin Drilling is working collaboratively with potential clients to establish flexible contracts that allow such work to be planned and executed clusters in a safe, efficient, and cost-effective manner.